SMEDAN Reaffirms Commitment & Support For MSMEs

SMEDAN Reaffirms Commitment & Support For MSMEs

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has restated commitment and support for the growth of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria.

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The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) was established by the SMEDAN Act of 2003 to promote the development of the MSME sector of the Nigeria Economy. The Agency positions itself as a One-Stop-Shop for MSME Development. Micro Enterprises are included in the clientele of the Agency since they form the bedrock for SMEs.

Mr. Dikko Radda, who is the Director-General of SMEDAN made this known in Kano State at the agency’s 2021 Management retreat.

He stated that MSMEs remain the engine room for critical economic growth and poverty reduction globally and he also said that the retreat would provide them with another solemn opportunity to chart a new roadmap toward repositioning the MSMEs subsector in a restructured and more efficient manner.

“Since the last retreat held in Lagos in 2019, our roles and functions as Nigeria’s prime entrepreneurship development agency have not only become enormous but more responsive in a dynamic and vastly changing global economy.

He explained further: “It is in this regard that we carefully selected all of you to come and deliberate and to further strategize on ways to reposition the agency toward effective service delivery to the  MSMEs sub-sector of the Nigerian economy,”.

Mr. Dikko Radda also stated that the ongoing MSMEs Mass Registration Program (MMRP) will provide a veritable platform for information and data collection toward strategic planning of the program for the growth and development of the sector.

He said that the agency would launch the 2021 edition of the Mindshift Entrepreneurship Program(MEP) in Kano State. MEP was designed to engage the vibrant energy of Nigerian students and youths and channel it into productive venture creation and management of their own businesses.

He also restated President Muhammadu Buhari-led’s administration’s commitment to lifting more Nigerians out of poverty.

In a remark, Minister of State for Trade and Investment, Maryam Katagum, said the recent survey of the National Bureau of Statistics as reported on its website portrayed a worrying picture of the rate of unemployment in the country.

She said: “This is in spite of the strident efforts of government in implementing policies targeted at driving growth and creating employment,”.

Represented by Director Planning, Research, and Statistics, Babagana Alkali said the best way to arrest the above situation was to have a virile MSME subsector, possibly with a special focus on youths and women

SMEDAN Reaffirms Commitment & Support For MSMEs